Financial Advisor Salary in New Jersey
The median financial advisor salary in New Jersey is $117,330 per year, which is 23.0% above the national median of $95,390.
Financial Advisor Salary in New Jersey by Experience
In New Jersey, an entry-level financial advisor earns around $59,040, while experienced professionals earn up to $221,400 per year. The cost of living index in New Jersey is 115% of the national average.
Salary Percentiles in New Jersey
| Percentile | NJ Salary |
|---|---|
| 10th Percentile | $54,612 |
| 25th Percentile | $76,752 |
| Median (50th) | $117,330 |
| 75th Percentile | $183,270 |
| 90th Percentile | $293,970 |
Major Cities for Financial Advisors in New Jersey
The largest employment areas for financial advisors in New Jersey include Newark, Jersey City, Paterson, and Elizabeth. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Financial Advisor in New Jersey
Education
Most financial advisor positions require a bachelor's degree. New Jersey has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Jersey
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). New Jersey's demand may vary based on local industry trends.